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    HomeNewsOpinionThe fundamental reason China will struggle to dethrone the dollar

    The fundamental reason China will struggle to dethrone the dollar

    Making a currency a global standard demands deep trust in its issuer’s openness and reliability 

    Financial Times
    ©The Financial Times Limited 2020 Aug 31, 2023 / 04:40 PM IST
    All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
    The European desire to challenge the dollar — expressed forcefully in 2010 by Nicolas Sarkozy, then French president, following the global financial crisis — seems largely based on envy of its status as a reserve and trading currency
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